genedrive (LON:GDR) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Shares of genedrive plc (LON:GDR) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 2.18 ($0.03) and traded as low as GBX 1.95 ($0.02). genedrive shares last traded at GBX 2 ($0.03), with a volume of 2,155,806 shares changing hands.

genedrive Trading Down 1.5 %

The company’s 50 day simple moving average is GBX 2.18 and its 200 day simple moving average is GBX 2.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.60 and a quick ratio of 5.52. The firm has a market cap of £11.19 million, a price-to-earnings ratio of -0.55 and a beta of -0.04.

Insiders Place Their Bets

In other genedrive news, insider Ian David Gilham purchased 225,000 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was bought at an average cost of GBX 2 ($0.03) per share, with a total value of £4,500 ($5,756.68). 14.75% of the stock is owned by company insiders.

genedrive Company Profile

ggenedrive plc is a pharmacogenetic testing company developing and commercialising a low cost, rapid, versatile and simple to use point of need pharmacogenetic platform for the diagnosis of genetic variants. This helps clinicians to quickly access key genetic information that will aid them make the right choices over the right medicine or dosage to use for an effective treatment, particularly important in time-critical emergency care healthcare paradigms.